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1. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
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By: guest on 01 Jun 2017 05.46 pm
Sum = Rs. 50 x 100 = Rs. 500. 2 x 5 Amount = Rs. 500 x 1 + 5 2 100 = Rs. 500 x 21 x 21 20 20 = Rs. 551.25 C.I. = Rs. (551.25 - 500) = Rs. 51.25